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Software Outsourcing to India - TatvaSoft

Also for software outsourcing, India enjoys confidence of multination corporations. According to a survey, 82% US companies mentioned that, India is their first choice for software outsourcing. Bill Clinton has applauded India's brain power and pointed that, Indian American run more then 750 IT companies in Silicon Valley. He also mentioned, ."You liberated your markets and now you have one of the 10 fastest growing economies in the world'. Bill Gates has mentioned that India is IT super power. That's why Microsoft has strategic alliances with wipro and infosys for their .NET development platform. GE has $130 million technology center in Bangalore. It is largest research center outside US opened by GE. There are hundreds of multinational companies opening their offices in Bangalore.


Government of India is also keen to develop IT industry. India is biggest democracy of world and has world's 10th fastest growing economy. Indian government is trying to make India world's back office with its 1 billion population. According to Nasscom, India's revenue from IT enabled services will rich $16.94 billion. Government has also passed Information Technology Act 2000 which is now widely known as IT Act 2000. It brings e-commerce under law and states punishments for "cyber criminals". With this, India is in the league of 12 nations who have cyber laws. Government of India is providing tax benefits under STPI, SEZ and many other schemes to IT companies and promoting IT export. Special policies like single window clearance have been implemented. STPI offers world class infrastructure and various facilities, incentives to promote software development and export. It also allows 100% tax benefit. Because of all benefits given by government, Indian IT business is growing at the rate of above 40% and contributing heavily to its GDP.

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